The Ministry of Lands and Natural Resources has intervened in the ongoing dispute between Engineers & Planners (E&P) and Azumah Resources Ghana Limited, issuing a one-week ultimatum for the parties to resolve their differences or face a state-imposed decision in the national interest.
This directive comes in the wake of a $100 million Acquisition Facility Agreement signed on July 7 between the ECOWAS Bank for Investment and Development (EBID) and E&P.
The deal was hailed as a major milestone in establishing Ghana’s first large-scale, wholly indigenous gold mining operation through the acquisition of the Black Volta Gold Project.
However, the agreement came under scrutiny after Azumah Resources, the company associated with the Black Volta Mine, publicly denied any formal relationship with E&P. In a statement dated July 8, Azumah asserted that E&P “does not own any shares in Azumah” and “has not made any formal offer to invest in or fund” the company.
The company reaffirmed its full control over the project, stating that development would proceed in accordance with Ghanaian law.
In a letter dated Thursday, July 10, addressed to both parties, Minister of Lands and Natural Resources Emmanuel Kofi-Amarh Buah said, “I refer to your earlier correspondence in respect of the above subject matter, as well as the various press releases and public statements that have since been issued concerning the dispute.
“In light of the circumstances, I have decided to grant the parties a final period of seven (7) days within which to resolve the matter amicably. Should this period elapse without a mutually agreed resolution, a decision shall be taken in the best interest of the country.”
The Minister has also directed the Minerals Commission to facilitate and support the resolution process to ensure the timely commencement of the Black Volta Gold Project.
He further urged both parties to refrain from addressing the issue through the media and instead focus on constructive dialogue and responsible engagement.
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